Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Blog

NYSE Proposes to Amend Material News Policy Again

Public Companies and Securities In 2015 the NYSE amended its policy with respect to material news releases. One of the amendments was to include advisory text in Section 202.06 of the Listed Companies Manual requesting that listed companies intending to release material news after the close of trading on the Exchange wait until the earlier of the publication of […] Read more →

by   |   August 30, 2017

Preliminary Planning for the 2018 Proxy Season

Public Companies and Securities For those who want to start preparing for the 2018 proxy season, our preliminary list of important considerations is set forth below: Directors’ and Officers’ Questionnaires... Read more →

by , , and   |   August 29, 2017

SEC logo

SEC Inspector General Concludes Acting Chairman Piwowar’s Actions Were Lawful

Public Companies and Securities In an investigation conducted at the request of four Senators, the SEC Inspector General concluded “we do not find that Commissioner Piwowar’s actions as Acting Chairman... Read more →

by   |   August 25, 2017

SEC Staff Updates Revenue Recognition Guidance for New Standard

Public Companies and Securities The SEC’s Office of the Chief Accountant and Division of Corporation Finance released Staff Accounting Bulletin (SAB) No. 116 that brings existing SEC staff guidance into... Read more →

by   |   August 19, 2017

SEC Approves NYSE Rule Change Regarding Dividend Notification Requirements

Public Companies and Securities The SEC has approved a change to the NYSE’s rules which requires listed companies to provide dividend notifications to the Exchange at least 10 minutes prior to... Read more →

by   |   August 17, 2017

Minnesota Supreme Court Rejects Delaware Test for Direct Versus Derivative Action

Litigation, M&A In a case arising out of the inversion transaction where Medtronic merged with Coviden, the Minnesota Supreme Court spoke on the proper test of determining when an action is... Read more →

by   |   August 16, 2017

SEC logo

SEC Charges Chief Compliance Officer for Failure to Verify Information

Investment Advisers, Litigation David I. Osunkwo was a principal at Strategic Consulting Advisors, LLC, or SC Consulting. SC Consulting offered compliance consulting and CCO services to two SEC registered... Read more →

by   |   August 16, 2017

Court Decision May Slow SEC Approval of SRO Rules

Litigation, Public Companies and Securities The SEC must generally approve rules and rule changes by self-regulatory organizations, which are referred to as SROs. According to this SEC web page, there are 37 active SROs. ... Read more →

by   |   August 11, 2017

Another Working Capital Claim Fails in Delaware Because of Liability Limitations

Litigation, M&A In Chicago Bridge & Iron Co. N.V. v. Westinghouse Electric Co. LLC, the Delaware Court of Chancery declined to permit the purchaser of a business to recover a working capital... Read more →

by   |   August 10, 2017